Voting 20-0-0, the Senate approved on third and final reading a bill that would open up the Philippines' retail sector to foreign enterprises. Senate of the Philippines (Senate PRIB) Senators voted to pass on Wednesday, May 19, Senate Bill No. 1840, which proposes to amend the Retail Liberalization...
Last May 12, a day after the Philippine Statistical authority (PSA) reported that the country’s gross domestic product (GDP) contracted by 4.2 percent in the first quarter of the year, the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) “decided to maintain the interest rate on...
The Senate will work on passing soon the bills aimed at reviving the Philippine economy, such as the proposed amendments to the Public Service Act and to the Foreign Investment Act, among others. (Senate of the Philippines) Senate Majority Leader Juan Miguel Zubiri said senators agreed on this...
The strong economic cooperation between the Philippines and China has generated "great rewards" for both nations to propel towards economic recovery during the pandemic, according to a Chinese diplomat. President Rodrigo Duterte discusses matters with Chinese Ambassador to the Philippines Huang...
The country’s recovery is not out of the woods just yet as risks posed by the coronavirus continue to threaten recent gains, the Department of Finance (DOF) said. In its latest economic bulletin on Friday, May 14, the DOF said that the pace of economic contraction in the first three-months of the...
The Duterte administration will revisit its medium-term macroeconomic targets and fiscal program next week following a worse-than-expected economic performance in the first-quarter. In a media advisory released by the Department of Budget and Management (DBM), it said the inter-agency Development...
The Department of Tourism (DOT) has allotted over P4.4 million budget for the province's tourism recovery program as part of efforts to boost tourism activities in Negros Occidental. (Photo by Roland Hechanova on Unsplash / MANILA BULLETIN) In a recent virtual ceremony, Tourism Secretary Bernadette...
More people, including economic frontliners, can be vaccinated after the Department of Health (DOH) agreed to resume the use of coronavirus vaccines developed by AstraZeneca for all age groups, according to Presidential Adviser for Entrepreneurship Joey Concepcion. A health worker gives a...
At a job summit convened by the task group of the National Economic Recovery Strategy held last Labor Day, the country’s top economic managers rallied business, industry and civil society leaders in adopting a whole-of-society approach to economic recovery. Socio-Economic Planning Secretary Karl...
The pandemic-hit country inched closer to return to normalcy with plans to administer the coronavirus vaccines to workers in the private sector, according to Presidential Adviser for Entrepreneurship Joey Concepcion. Residents line up for coronavirus vaccination at a hub in Taguig City on April 29,...
Filipinos should embrace the opportunity to get vaccinated against coronavirus disease (COVID-19) to help save lives and livelihoods, according to Presidential Adviser for Entrepreneurship Joey Concepcion. A man receives a coronavirus vaccine shot from a health worker in Taguig City on April 29,...
The EU and the Philippines have started discussion on the new program cycle 2021-2027 development cooperation with immediate priority support for the latter’s economic recovery from the COVID-19 crisis. The parties issued this joint statement after holding the first meeting of the...
